This subpart applies to an educational program offered by an eligible institution that prepares students for gainful employment in a recognized occupation, and establishes the rules and procedures under which--
(a) The Secretary determines that the program is eligible for title IV, HEA program funds;
(b) An institution reports information about the program to the Secretary; and
(c) An institution discloses information about the program to students and prospective students. (Authority: 20 U.S.C. 1001, 1002, 1088, 1231a)